The Boeing Company (NYSE:BA) Shares Sold by Indiana Trust & Investment Management Co

Indiana Trust & Investment Management Co lowered its position in The Boeing Company (NYSE:BA) by 29.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,005 shares of the aircraft producer’s stock after selling 425 shares during the period. Indiana Trust & Investment Management Co’s holdings in Boeing were worth $153,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in Boeing during the fourth quarter worth approximately $376,000. Park National Corp OH boosted its stake in Boeing by 3.6% in the 1st quarter. Park National Corp OH now owns 4,459 shares of the aircraft producer’s stock worth $861,000 after buying an additional 155 shares during the last quarter. Advance Capital Management Inc. lifted its holdings in shares of Boeing by 11.8% during the 1st quarter. Advance Capital Management Inc. now owns 1,197 shares of the aircraft producer’s stock worth $231,000 after acquiring an additional 126 shares during the period. CWM LLC boosted its position in shares of Boeing by 14.4% in the first quarter. CWM LLC now owns 24,739 shares of the aircraft producer’s stock worth $4,774,000 after acquiring an additional 3,108 shares during the last quarter. Finally, Tompkins Financial Corp grew its holdings in Boeing by 14.2% in the first quarter. Tompkins Financial Corp now owns 884 shares of the aircraft producer’s stock valued at $171,000 after purchasing an additional 110 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday. Sanford C. Bernstein lowered their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. JPMorgan Chase & Co. cut their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a report on Monday. Susquehanna reissued a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Finally, The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $201.00.

Boeing Stock Performance

Shares of NYSE BA traded up $1.53 during mid-day trading on Wednesday, reaching $153.88. The company had a trading volume of 4,950,412 shares, compared to its average volume of 8,059,292. The stock has a market capitalization of $94.46 billion, a PE ratio of -42.83 and a beta of 1.57. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The stock’s 50 day moving average is $161.80 and its 200-day moving average is $173.13.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. Boeing’s revenue was down 14.6% compared to the same quarter last year. During the same period last year, the company posted ($0.82) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -5.35 EPS for the current year.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.